Mercuria

For the gastropod, see Mercuria (gastropod).

Mercuria Energy Group Ltd.
FormerlyJ&S Group
Company typePrivate
IndustryCommodity
Founded2004; 20 years ago (2004)
FoundersMarco Dunand (CEO)
Daniel Jaeggi (president)
HeadquartersGeneva, Switzerland
Number of locations
37
Area served
Global
ProductsRaw materials
Energy products
RevenueUS$174 billion (2022)
  • Increase US$2.98 billion (2022)
[1]
Number of employees
1,200 (2020)
Websitewww.mercuria.com

Mercuria Energy Group Ltd. is a Cypriot-domiciled Swiss[2] multinational commodity trading company active in a wide spectrum of global energy markets including crude oil and refined petroleum products, natural gas (including LNG), power, biodiesel, base metals[3] and agricultural products.[4] The company is one of the world's five largest independent energy traders and asset operators and is based in Geneva, Switzerland, with 37 additional offices worldwide.[5] The group operates in 50 different countries.[6]

Mercuria was started in 2004 by Marco Dunand and Daniel Jaeggi, then executives at Phibro, the commodities trader sold by Citigroup to Occidental Petroleum in 2009.[7] The company focused mostly on oil trading until 2007.[8] Prior to this, Mercuria was assumed control of J&S Group, which was named after the Polish businessmen Gregory Jankilevitsch and Wiaczeslaw Smolokowski.[9][10] They and their affiliates joined as founders of Mercuria, and they remain as shareholders today.[11]

  1. ^ Payne, Julia (March 21, 2023). "Mercuria 2022 profit more than doubles to a record high -document". Reuters. Retrieved October 26, 2024.
  2. ^ "Oil Traders and Cyprus". Financial Times. 26 March 2013. Retrieved 3 August 2021.
  3. ^ "China slowdown spells end of big payday for iron ore traders". Reuters. 10 September 2013. Retrieved 14 November 2017.
  4. ^ "RPT-Oil traders diversify into food and metals in quest for profits". Reuters. 18 June 2013. Retrieved 14 November 2017.
  5. ^ "Documents & downloads". www.mercuria.com.
  6. ^ "Working at Mercuria". www.mercuria.com.
  7. ^ Guerrera, Francisco (15 February 2009). "Citi sells Phibro after government pressure". Financial Times. Retrieved 3 August 2021.
  8. ^ "Oil trading". risk.net. June 2016. Retrieved November 15, 2017.
  9. ^ Hoffman, Andy (Aug 31, 2018). "Oil Trader Mercuria's Ownership Structure Revealed in Filing". bnnbloomberg.ca.
  10. ^ Hume, Neil (September 4, 2018). "Top three executives lift stake in Mercuria". Financial Times.
  11. ^ "Polskie obywatelstwo i fortuna zbita na ropie" [The Polish government and fortune tellers]. Forbes (in Polish). 23 May 2016. Retrieved 14 November 2017.